I want to give a special thanks to my principal source for this page.  BankruptcyData.com provides on-line access to information on thousands of corporate bankruptcy filings from about 80 federal bankruptcy districts (United States only).  If you would like to assemble a  dataset of defaults for your own research/modeling, look at what they can offer.

Waterlink Files Chapter 11 -- June 30, 2003
Waterlink, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware. The Company announced that it is seeking a Court order to obtain the use of cash collateral, comprised of the Company's existing receivables.

James Cable Files Chapter 11 -- June 30, 2003
James Cable Partners, LP filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Georgia. The Company announced intentions to complete its restructuring as soon as possible; assuming prompt confirmation of its plan, the Company expects to emerge from bankruptcy protection by October.

Deltagen Files Chapter 11 -- June 30, 2003
Deltagen, Inc. announced that it has filed a voluntary petition under Chapter 11 of the federal Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of California. The Company commented that given actions taken by Lexicon Genetics, Incorporated and the inability to develop a sustainable revenue base that would support its operational needs, the second tranche of its bridge loan and its Series A preferred stock financing will not close. The Company was unable to obtain alternative sources of capital and, therefore, filed for bankruptcy while it had sufficient funds to explore dispositions of its assets and other reorganization transactions. The Company also announced that it reduced its workforce to 28 employees. Additionally, the Company announced the appointments of Mr. Larry Hill as chief executive officer and Mr. Daniel Ratto as chief financial officer.

National Equipment Files Chapter 11 -- June 30, 2003
National Equipment Services, Inc. announced that in order to reduce its debt and strengthen its competitive position, the Company and its domestic subsidiaries have filed voluntary petitions for a reorganization under Chapter 11 of the U.S. Bankruptcy Code, and that the Company has received the support from the Steering Committee of its existing bank group through an agreement in principal with respect to the major elements of a restructured credit facility to provide exit financing upon emergence. NES has also received a commitment for up to $30 million in debtor-in-possession financing led by Wachovia Bank, National Association, that will be used, if necessary, to fund post-petition operating expenses and to meet supplier and employee obligations.

CopperCom Files Chapter 11 -- June 25, 2003
CopperCom, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Florida. The Company also announced that it has reached an agreement with Heico Co., LLC, for the purchase of substantially all of CopperCom's assets. Financial terms were not disclosed.

Amerco Files Chapter 11 -- June 20, 2003
Amerco, the holding company of U-Haul International, filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nevada. Amerco subsidiaries U-Haul and Oxford Life Insurance Company (and its subsidiaries Republic Western Insurance Company among others) were not included in the bankruptcy filing. The Company also announced that it has obtained a commitment for a $300 million debtor-in-possession financing facility from Wells Fargo Foothill, in addition to a $650 million bankruptcy emergence facility. According to a Company press release, it is anticipated that a Chapter 11 filing of Amerco Real Estate Company may take place within 30-45 days in order to implement the D.I.P. facility.

Engage Files Chapter 11 -- June 20, 2003
Engage, Inc. announced today that in order to facilitate a financial restructuring, the Company and several of its United States subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code with the U.S. Bankruptcy Court in the District of Massachusetts (Western Division). The Chapter 11 filing does not include the Company's non-United States operations in Europe. In conjunction with
the filing, the Company has entered into a definitive asset purchase agreement providing for the sale of substantially all of its assets to Scene7, Inc., a privately-held company. Under the agreement, Scene7 would pay Engage $1.2 million in cash and assume liabilities in the range of approximately $650,000 to $850,000. Completion of the transaction is subject to the receipt of higher or otherwise better offers, Court approval, regulatory approvals and other conditions. It is currently anticipated that the transaction will be completed in the summer of this year. The Company also announced that CMGI, Inc., the Company's secured lender, had agreed to permit the Company to use cash collateral to help fund its post bankruptcy obligations.

Read-Rite Files Chapter 7 -- June 18, 2003
Read-Rite Corporation announced that its board of directors has approved the filing of a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of California.

Cross Media Files Chapter 11 -- June 18, 2003
Cross Media Marketing Corporation and its operating subsidiary Media Outsourcing, Inc. filed for protection yesterday under Chapter 11 of the United States Bankruptcy Code with the U.S. Bankruptcy Court in the Southern District of New York. The Company has secured a debtor-in-possession financing facility from its senior lenders, which facility will fund the orderly liquidation of the Company's assets. Peter A. Furman, a managing director of Getzler Henrich & Associates, LLC who was appointed as the Company's chief executive officer and chief restructuring officer on May 23, 2003, will oversee the liquidation process.

Summit Corp. Files Chapter 11 -- June 11, 2003
Summit Corp. of America filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Connecticut, listing total assets and liabilities of $13 million and $19 million, respectively. The Company is represented by Steven D. Bartelstone with Rogin, Nassau, Caplan, Lassman & Hirtle.

Sheffield Files Chapter 7 -- June 11, 2003
Sheffield Pharmaceuticals, Inc. announced that its Board of Directors had authorized the Company to immediately file for protection under Chapter 7 of the Federal Bankruptcy laws. The Board determined to proceed with a Chapter 7 liquidation when efforts to obtain debtor-in-possession financing from major creditors and shareholders were unsuccessful. The American Stock Exchange suspended trading in the Company's common stock on June 2, 2003.

Penn Traffic Files Chapter 11 -- June 9, 2003
Penn Traffic Company and its U.S. subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in the Southern District of New York, White Plains Division. The Company said its decision to reorganize under chapter 11 was based in part on a decline in its liquidity resulting from Penn Traffic's declining operating performance during the fourth quarter of Fiscal 2003 and the first quarter of Fiscal 2004.

Worth Media Files Chapter 11 -- June 5, 2003
Worth Media, LLC filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. The Company cited a slump in advertising revenue and its lender Tesla Capital LLC's decision to stop funding the Company.

Paper Warehouse Files Chapter 11 -- June 5, 2003
Paper Warehouse, Inc. filed for Chapter 22 protection with the U.S. Bankruptcy Court in Minneapolis, Minnesota. The Company also announced that it immediately will close 24 of its 86 stores. The Company further announced that it has secured a $6.5 million loan from Wells Fargo Retail Finance.

Philip Services Files Chapter 11 -- June 5, 2003
Philip Services Corporation announced that it and most of its wholly owned US subsidiaries filed voluntary petitions under Chapter 11 of the Federal Bankruptcy Code with the United States Bankruptcy Court in the Southern District of Texas. The Company has engaged Jefferies & Co., Inc., as its financial advisor and investment banker.

MCSi Files Chapter 11 -- June 4, 2003
MCSi, Inc. announced that it, along with its domestic subsidiaries, voluntarily filed for reorganization under Chapter 11 of the Bankruptcy Code. In connection with the filing, the Company reached an interim agreement with the lenders to use cash collateral which, upon court approval, will enable the Company to fund post-petition trade and employee obligations, as well as its ongoing operating needs. To supplement these funds, the Company has also finalized a term sheet with certain of its existing lenders for a $10 million debtor-in-possession financing facility to provide additional liquidity during the restructuring process.

Westpoint Stevens Files Chapter 11 -- June 3, 2003
Westpoint Stevens, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. The Company announced that it has received a commitment for $300 million in debtor-in-possession financing from a group of banks led by Bank of America and Wachovia.

Slater Steel Chapter 11, CCAA Filing Announced -- June 3, 2003
Slater Steel, Inc. announced that it, and certain of its U.S. and Canadian subsidiaries have filed for creditor protection under the Companies' Creditors Arrangement Act in Canada. Slater and certain of its Canadian subsidiaries have also filed for protection under Section 304 of the U.S. Bankruptcy Code and Slater's U.S. subsidiaries have filed for protection in the U.S. under Chapter 11 of the U.S. Bankruptcy Code. The concurrent filings will allow Slater to develop a restructuring plan to address its current debt, capital and cost structures. Slater Steel will continue in discussions with its existing lenders and with other parties regarding permanent financing upon its exit from the restructuring process. In conjunction with the filing, the Company has secured a Cdn$45.0 million debtor-in-possession financing facility from its existing lending syndicate. The Company anticipates that the D.I.P. financing will be sufficient to fund its operations during the restructuring process.

Princeton Video Files Chapter 11 -- May 30, 2003
Princeton Video Image, Inc. announced that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. PVI has entered into an agreement with PVI Virtual Media Services, LLC, a newly formed entity owned by PVI's two secured creditors and largest stockholders, that, subject to Bankruptcy Court approval, will provide PVI with interim financing to fund post-petition operating expenses. PVI expects this debtor-in-possession financing, if consummated, to allow the delivery of services to PVI's customers and clients to continue without interruption during the bankruptcy process. PVI has also entered into an agreement
with PVI Virtual Media Services, LLC to sell substantially all of its assets to PVI Virtual Media Services, LLC pursuant to Section 363 of the Bankruptcy Code, subject to a competitive bidding procedure and Court approval in accordance with bankruptcy law. PVI expects that if the asset sale is consummated PVI would be liquidated pursuant to a plan of liquidation which would be subject to the approval of the Court.

Sunshine Files Chapter 11 -- May 30, 2003
Sunshine Precious Metals, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Idaho. Shoshone County reportedly was on the verge of seizing the mine to sell it for more than $1 million in back taxes that the Company owes.

Small Town Radio Files Chapter 11 -- May 20, 2003
Small Town Radio, Inc. filed for reorganization under Chapter 11 of the Federal Bankruptcy Act. Mr. Dan Hollis, Chairman and CEO, stated: "The filing became necessary both to preserve the Company's assets for the benefit of its proven creditors as well as to provide the Company with breathing room to reorganize its business and its financial structure." Mr. Hollis added: " We anticipate continuing to operate in the ordinary course during the Chapter 11 process and filing a plan for reorganization in due course as contemplated by the Bankruptcy Act." Further, the Company announced that it had accepted on May 15, 2003, the resignation of Mr. Eric Froistad as a Director of the Company.

Weirton Files Chapter 11 -- May 20, 2003
Weirton Steel Corp. filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of West Virginia in Wheeling. The Company has secured a $225 million debtor-in-possession financing facility to furnish sufficient working capital for its operations. The reorganization is necessary for three major reasons: 1. Despite the positive impact of a comprehensive restructuring of the company in 2002 and additional cost-saving efforts this year which improved efficiency, reduced employment costs and addressed expenses and maturities of long-term debt, Weirton Steel still faces financial challenges. These challenges include declining market conditions and overwhelming post- retirement obligations, which include pension funding, retiree healthcare benefits and life insurance, known as legacy costs. 2. Reorganization also will enable Weirton Steel to improve its liquidity while continuing normal operations as an independent company. New financing facilities available only in the context of a bankruptcy filing will provide additional needed liquidity to support operations. 3. Weirton Steel's goal is to use the reorganization process to become as competitive as possible in the rapidly consolidating steel industry. The "new industry model" - fewer and larger steel companies that have consolidated production and significantly reduced costs - has changed the domestic industry.

Swiftcomm Files Chapter 11 -- May 19, 2003
Swiftcomm, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, Riverside Division. The Company also announced the layoff of substantially all employees.

Global Water Files Chapter 11 -- May 16, 2003
Global Water Technologies, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court. GWT filed for reorganization following the recent transaction with Camden Holdings, Inc., whereby through its President, Mark Anderson, Camden acquired the stock, assets and assumed all liabilities of GWT's former subsidiaries, as well as all liabilities of GWT. Under the terms of the agreement, Camden represented it had the financial resources to fulfill its commitments, including the purchase price obligations and indemnified GWT against the assumed liabilities and their associated costs.

Allegiance Telecom Files Chapter 11 -- May 15, 2003
Allegiance Telecom filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. Royce Holland, chairman and chief executive of Allegiance, said the firm has been unable, thus far, to reach agreement with lenders on the appropriate level of debt. The case number is 03-13057 and Judge Robert Drain is presiding.

Outsourcing Solutions Files Chapter 11 -- May 14, 2003
Outsourcing Solutions, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Missouri. On its petition the Company listed total assets and liabilities of $626.7 million and $699.3 million, respectively. Additionally, the Court granted initial approval to the Company's $22 million debtor-in-possession financing, arranged by the Company's existing bank group. Kevin Keleghan, the Company's president and CEO, indicated that the Company has developed a reorganization plan that will reduce its debt from $600 million to $175 million.

Worldcom Auction Procedures -- May 14, 2003
WorldCom, Inc. filed a motion seeking U.S. Bankruptcy Court approval of auction procedures for a proposed sale of some equipment, licenses and leases to BellSouth Corp. unit. The Company announced that intends to sell its wireless broadband telecommunications services assets for $65 million, subject to better offers and FCC approval.

PG&E Financials, Unit May File Chapter 11 -- May 14, 2003
Pacific Gas & Electric Corp. announced financials for the first quarter 2003, reporting a net loss of $354 million, or 93 cents a share. PG&E stated the results for the latest quarter also include incremental interest costs and bankruptcy-filing costs associated with the California energy crisis. National Energy Corp., a PG&E unit, posted a loss of $261 million, or 69 cents a share. PG&E announced that National Energy Corp. could file for Chapter 11 bankruptcy protection as early as the second quarter. PG&E said that it will no longer include National Energy Group's results in its earnings projections.

Auspex Files Chapter 11 -- Apr 24, 2003
Auspex Systems, Inc. announced that it has filed a voluntary petition for Chapter 11 liquidation with the U.S. Bankruptcy Court in the Northern District of California, San Jose Division. Auspex intends to continue the customer services operations by retaining certain employees in the Auspex customer service support center, parts logistics and field support operations, and to retain certain employees to facilitate the sale and liquidation of substantially all or part of its assets. This includes the sale of Auspex intellectual property including the Network Attached Storage operating system and NAS applications, features and functions and the assignment of certain vendors and other constituents. In conjunction with the filing, Auspex has terminated all but approximately 27 people.

Tray Files Chapter 11 -- Apr 10, 2003
Tray, Inc.--a unit of Foster Wheeler, Ltd.--filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware. The case number is 03-11088, and Judge Peter Walsh is presiding.

HomeGold Subsidiary Files Chapter 11 -- Apr 10, 2003
Carolina Investors, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court. HomeGold Financial is the Company's parent.

Recoton Files Chapter 11 -- Apr 10, 2003
Recoton, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. All of the company's U.S.-based subsidiaries are included in the bankruptcy filing. The Company announced that D.I.P. financing has been arranged with its existing senior lenders, led by Heller Financial and GE Capital.

Eagle Food Files Chapter 11 -- Apr 8, 2003
Eagle Food Centers, Inc. and four of its wholly-owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of Illinois. To maintain an uninterrupted flow of merchandise to its stores and support ongoing vendor relationships, the company has received commitments for $40 million in debtor-in-possession financing from Congress Financial Corporation, which has provided the company's revolving credit facility since 1995. The Company said that the D.I.P. financing will provide continued funding of obligations to employees and suppliers, as well as other day-to-day operations of the Company. This is the Company's second Chapter 11 filing.

Cellpoint Files Chapter 11 -- Apr 8, 2003
CellPoint Inc. has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code with the U.S. Bankruptcy Court in the District of Nevada. The case number is 03-51091.

Acterna Files Chapter 11  -- Apr 7, 2003
Acterna Corporation announced that it has negotiated a term sheet with its key lenders to significantly reduce its debt through a reorganization of its capital structure designed to strengthen its financial and competitive position. To facilitate the restructuring, Acterna, together with its domestic subsidiaries, has voluntarily filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. Acterna also announced that it has arranged debtor-in-possession financing of $30 million from a group of banks led by JPMorgan Chase Bank and General Electric Capital Corporation. This financing, combined with the company's current cash, enables Acterna to continue to execute its business plan.

Avianca Files Chapter 11 -- Apr 7, 2003
Avianca, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. The Company is the U.S. affiliate of Columbia's leading airline, Aerovias Nacionales de Columbia, SA Avianca, which also filed for Chapter 11 protection.

Globe Metallurgical Files Chapter 11 -- Apr 4, 2003
Globe Metallurgical, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York. The company is seeking to borrow up to $2.5 million on an interim basis. Lender MI
Capital Inc. has agreed to provide up to $5 million in DIP funding. Five Lakes Funding Corp. is the collateral agent for the loan agreement.

EVTAC Files Chapter 11 -- Apr 2, 2003
EVTAC filed for Chapter 11 protection with the U.S. Bankruptcy Court in St. Paul, Minnesota, listing total assets and liabilities between $50 and $100 million and $10 and $50 million, respectively. President, Howard Hilshorst, commented, "I absolutely did not want to do this. We have good employees. We have good people. You put a lot of uncertainty in their lives."

Hauser Files Chapter 11 -- Apr 2, 2003
Hauser, Inc. announced that it, and its wholly owned subsidiaries, Botanicals International Extracts, Inc., Hauser Technical Services, Inc. and ZetaPharm, Inc., filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in the Central District of California. Kenneth Cleveland, president and chief executive officer said, `'We are encouraged by the progress we have made to substantially reduce costs, increase manufacturing efficiencies, consolidate operations, restructure administrative activities and reduce operating assets. Additionally, our lender, Wells Fargo, has worked patiently and professionally with us as we have tried to restructure our balance sheet. Ultimately, however, Hauser needs a greater equity base and access to permanent capital. We believe this bankruptcy filing will afford the company the time and process to arrange those elements for the benefit of all interested parties."

HomeGold Financial Files Chapter 11 -- Apr 1, 2003
HomeGold Financial, Inc., and one of its subsidiaries, HomeGold, Inc. announced that they have filed for reorganization under Chapter 11 of the United States Bankruptcy Code with the U.S. Bankruptcy Court in the District of South Carolina. The filings came as a result of the inability of HomeGold Financial, Inc. to make repayments of its inter-company loan to one of its subsidiaries, Carolina Investors, Inc.

Fleming Companies Files Chapter 11 -- Apr 1, 2003
Fleming Companies, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware. Fleming, which was the largest grocery distributor after it signed what was supposed to be a 10-year deal with Kmart, struggled to replace the estimated $4.5 billion in lost business after Kmart rejected the pact on Feb. 3. Kmart accounted for some 20 percent of Fleming's sales.